Savings Accounts

MONEY MARKET ACCOUNT

RATE INFORMATION

See interest rate page for current information.  Your interest rate and annual percentage yield may change. 

DETERMINATION OF RATE AND FREQUENCY OF RATE CHANGES

At our discretion, we may change the interest rate on your account.  The rate may change as often as every day. 

COMPOUNDING AND CREDITING FREQUENCY

Interest will be compounded every month.  Interest will be credited to your account every month.

MINIMUM BALANCE REQUIREMENTS

You must deposit $2,500 to open this account.  A maintenance fee of $5.00 will be imposed each monthly statement cycle if the average daily balance for that cycle falls below $2,500. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. 

BALANCE COMPUTATION METHOD

We use the average daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day. 

ACCRUAL OF INTEREST ON NON-CASH DEPOSIT

Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, for example, checks.

TRANSACTION LIMITATIONS

You may make no more than 6 withdrawals by check, debit or transfer from your account each statement cycle.  A fee of $5.00 per item will be assessed if these limits are exceeded. 

MONEY MARKET ACCOUNT (High Balance)

RATE INFORMATION

See interest page for current information.  Your interest rate and annual percentage yield may change. 

DETERMINATION OF RATE AND FREQUENCY OF RATE CHANGES

At our discretion, we may change the interest rate on your account.  The rate may change as often as every day. 

COMPOUNDING AND CREDITING FREQUENCY

Interest will be compounded every month.  Interest will be credited to your account every month.

MINIMUM BALANCE REQUIREMENTS

You must deposit $50,000 to open this account.  A maintenance fee of $5.00 will be imposed each monthly statement cycle if the average daily balance for that cycle falls below $2,500. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. 

BALANCE COMPUTATION METHOD

We use the average daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day. 

ACCRUAL OF INTEREST ON NON-CASH DEPOSIT

Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, for example, checks.

TRANSACTION LIMITATIONS

You may make no more than 6 withdrawals by check, debit or transfer from your account each statement cycle.  A fee of $5.00 per item will be assessed if these limits are exceeded. 

REGULAR SAVINGS ACCOUNT 

RATE INFORMATION

See interest page for current information.  Your interest rate and annual percentage yield may change.

DETERMINATION OF RATE AND FREQUENCY OF RATE CHANGES

At our discretion, we may change the interest rate on your account.  The rate may change as often as every day.

COMPOUNDING AND CREDITING FREQUENCY

Interest will be compounded daily.  Interest will be credited to your account semi-annually.

EFFECT OF CLOSING AN ACCOUNT 

If you close your account prior to the semi-annual interest payment, you will not receive accrued inerest.

MINIMUM BALANCE REQUIREMENTS

You must deposit $10.00 to open this account. 

TRANSACTION LIMITATIONS

Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per month, any debit thereafter will be charged an excess withdrawal fee per transaction.  A service charge of $1.00 will be charged for each withdrawal in excess of six during a month. 

CHRISTMAS CLUB ACCOUNT

RATE INFORMATION

See interest page for current informaton.  Your interest rate and annual percentage yield may change.

DETERMINATION OF RATE AND FREQUENCY OF RATE CHANGES

At our discretion, we may change the interest rate on your account.  The rate may change as often as every day.

COMPOUNDING AND CREDITING FREQUENCY

Interest will be compunded every day.  Interest will be credited to your account at maturity- October 31st- and a check will be prepared for the balance and issued to you.

MINIMUM BALANCE REQUIRED

This account may be opened with a minimum of $5.00. This account must be opened  or have first deposit before April 1st. 

BALANCE COMPUTATION METHOD

We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day. 

ACCRUAL OF INTEREST ON NON-CASH DEPOSIT

Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, for example, checks.

TRANSACTION LIMITATIONS

No withdrawals are allowed out of this account. 

EFFECT OF CLOSING AN ACCOUNT 

If you close your account before interest is credited, you will not receive the accrued interest.

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